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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Gold who wrote (8272)	1/10/1999 8:47:00 PM
From: bully	Read Replies (1) \| Respond to of 25548

Good evening Mike , I don't know if they have the Gold or not I would like to peruse the "official" Geological reports and submit them to one of my Partners for evaluation as he is a Geologist of fine reputation and very well connected in the (Major) Mining Industry. Mike , even if the reports are favorable and "true" the shareholders must be patient as it takes a great deal of $$$$$ in order to develop a Mine , sometime's as much as a million $$$ or more just to bring a property to the "drilling" stage depending on the size of the property , believe me I know as a Company that I am involved with has spent well over that figure on five smaller properties in order to prepare them for the big "hit" or disappointment. These are high risk ventures, but when they pay off they pay off big , but they don't pay off often , "hence" Venture Capital. Please if you wish make arrangements for me to receive copies of official Geological reports and I will come forward with an unbiased evaluation , I will make my address available to you via Private message for obvious reasons. "BULLY"

To: Mike Gold who wrote (8272)	1/11/1999 9:25:00 AM
From: Handshake™	Read Replies (1) \| Respond to of 25548

Monday January 11, 8:37 am Eastern Time Company Press Release Dayton Reaches Agreement with Lenders VANCOUVER, BRITISH COLUMBIA, Canada--(BUSINESS WIRE)--Jan. 11, 1999--Dayton Mining Corporation (AMEX, TSE:DAY - news news) is pleased to announce that it has reached an agreement with its banks that will form the basis of a long-term solution to the financing of the Andacollo Gold Mine. The bank loan balance is currently US$17.9 million of which US$12.9 million is cash collateralized. The banks have agreed to Dayton's request to utilize US$10.9 million of the collateralized cash to pay the loan balance down to US$7 million, leaving cash collateral of US$2 million. After this paydown Dayton will have total cash of approximately US$9.5 million, or US$7.5 million net of the cash collateral. The quarterly repayments due in January 1999 and April 1999 will be reduced from US$3.6 million each to US$1 million each and the interest rate through April 19, 1999 will continue at the reduced rate of LIBOR plus 1.25%. The banks have agreed to waive all existing defaults until April 19, 1999 at which time Dayton anticipates it will be in full compliance with all terms of the loan agreement. Bill Myckatyn, Chairman, President and CEO of Dayton stated ''I am pleased with the resolution of these discussions with our banking syndicate. This agreement provides certainty going forward, reduces the costs of servicing the loan facility and permits management to concentrate its efforts on seeking other growth opportunities and further improving the operation. Gold production at the Andacollo Gold Mine was 11,058 ounces for the month of December, 30,558 ounces for the fourth quarter, and 92,548 ounces for 1998. Operating costs for the fourth quarter are being finalized.'' Dayton Mining Corporation holds a 100% interest in the Andacollo Gold Mine located in central Chile, and trades on both the American Stock Exchange (AMEX) and Toronto Stock Exchange (TSE) under the trading symbol DAY. Notice: The Company relies on litigation protection for ''forward looking'' statements. --------------------------------------------------------------------------------